TradingView
Signal_Centre1
Aug 11, 2021 6:32 AM

USDCHF Sell the breakdown. Short

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF - Intraday - We look to Sell a break of 0.9212 (stop at 0.9231)

We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A break of yesterdays low would confirm bearish
momentum.

Our profit targets will be 0.9159 and 0.9149

Resistance: 0.9240 / 0.9260 / 0.9280
Support: 0.9220 / 0.9200 / 0.9180
Comments
Mihai_Iacob
Looks good,thanks for the heads up
More